Freedom Financial Holdings (OTCQX:FDVA), the holding company for The Freedom Bank of Virginia, reported third quarter 2026 financial results via an 8-K press release filed October 30, 2026, disclosing net income of $1,194,648 and announcing a new share repurchase authorization alongside amended corporate bylaws.

Key Highlights

  • Net income: $1,194,648, or $0.17 per diluted share, for the quarter ended September 30, 2026, compared to $289,621, or $0.04 per diluted share, for the linked quarter ended June 30, 2026.
  • Nine-month net income: $2,644,609, or $0.37 per diluted share, for the nine months ended September 30, 2026, versus $3,942,172, or $0.55 per diluted share, for the same period in 2025.
  • Total assets: $1.06 billion on September 30, 2026, an increase of $20.2 million, or 1.94%, from June 30, 2026.
  • New buyback authorization: The Board of Directors authorized repurchase of up to 150,000 additional shares after completing its prior 250,000-share program.
  • Capital ratios: The company reported a Leverage ratio of 10.81%, Common Equity Tier 1 ratio of 13.23%, Tier 1 Risk Based Capital ratio of 13.23%, and Total Capital ratio of 14.17%.
  • Non-accrual loans: Represented 3.26% of loans held-for-investment on September 30, 2026, compared to 3.32% on June 30, 2026.
  • Bylaws update: The Board approved and adopted Amended and Restated Bylaws, effective October 30, 2026.

Freedom Bank of Virginia Reports Q3 2026 Results and New Repurchase Plan

According to the filing, Freedom Financial Holdings, which operates through its subsidiary The Freedom Bank of Virginia, a community bank headquartered in Fairfax, Virginia, posted net income of $1,194,648, or $0.17 per diluted share, for the third quarter ended September 30, 2026. This compared to $289,621, or $0.04 per diluted share, for the quarter ended June 30, 2026, and $1,122,930, or $0.16 per diluted share, for the quarter ended September 30, 2025. The company disclosed that Return on Average Assets was 0.45% for the quarter ended September 30, 2026, and Return on Average Equity was 5.59% for the same period.

The filing reported that net interest income was $7.049 million for the third quarter, higher by 1.00% compared to the linked quarter and higher by 4.45% compared to the same period in 2025. The net interest margin was 2.78% in the third quarter of 2026, down 5 basis points from the linked quarter and up 12 basis points compared to the same period in 2025, according to the filing. The cost of funds was 2.85% in both the second and third quarters of 2026 and lower by 34 basis points compared to the same calendar quarter in 2025. Loans held-for-investment, excluding PPP loans, increased by $23.3 million, or 3.05%, during the quarter, while total deposits rose by $25.8 million, or 2.94%, the filing stated.

The company reported a loan loss provision of $188,011 in the third quarter, primarily attributed to consumer loan charge-offs. The ratio of the allowance for credit losses to loans held-for-investment was 1.01%, compared to 1.06% in the linked quarter, according to the filing. Non-interest income was $1.061 million for the third quarter, a decrease of 36.0% from the linked quarter, with the filing attributing the decline to lower mortgage gain on sale revenue as origination activity slowed amid higher market rates. Tangible Book Value per share decreased to $11.80 on September 30, 2026, from $12.20 on June 30, 2026, which the filing attributed to rising rates and the related change in unrealized loss in Accumulated Other Comprehensive Income.

What Was Disclosed

Freedom Financial Holdings disclosed its third quarter and nine-month 2026 earnings results, reporting net income of $1,194,648 for Q3 2026. The filing also announced a new 150,000-share repurchase authorization and adoption of Amended and Restated Bylaws effective October 30, 2026.